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As long as they hold to $0.18 per share (or better) each quarter, I don't see a reason to get out just because the payment will be quarterly instead of monthly.
No one following this one I guess. Just weird that positive news posts, and the price goes down. I like the monthly dividend, but I'm frustrated by the price.
Independence Realty Trust, Inc. is a real estate investment trust (REIT). The Company owns and operates a portfolio of apartment properties located throughout the United States. The Company is managed by a subsidiary of RAIT Financial Trust (RAIT). AS of December 31, 2014, The Company's portfolio consisted of Belle Creek, Copper Mill, Crestmont, Cumberland Glen, Heritage Trace, Tresa at Arrowhead, Centrepoint, Runaway Bay, Berkshire Square, The Crossings, Reserve at Eagle Ridge, Windrush, Heritage Park, Raindance, Augusta, Invitational, King's Landing, Carrington Park, Arbors at the Reservoir, Walnut Hill, Lenoxplace, Stonebridge, Bennington Pond, Prospect Park, Brookside, Jamestown, Meadows, Oxmoor, Stonebridge at the Ranch and Iron Rock Ranch.